SB 2018 – Family-focused tax credits

SB 2018 incentivizes private businesses to invest in nonprofit groups that support at-risk families by offering them tax credits for their charitable contributions. Rather than expanding government programs, the bill empowers civil society organizations that are already doing effective work without growing the bureaucracy. The credit is capped at $10 million total, ensuring limited exposure to the state budget while encouraging targeted private giving. It also places strict rules on which nonprofits qualify—excluding those tied to abortion services or overly reliant on government funds—ensuring funds go to independent, community-rooted organizations. Administrative costs are capped at 5%, maximizing the impact of each dollar donated. By leveraging the private sector’s resources and avoiding the creation of new state-run programs, this bill aligns with the principles of limited government and responsible spending. Though it results in some short-term revenue reduction, it offsets long-term taxpayer burdens by reducing the need for new public welfare initiatives.